US regulator asks Goldman to disclose Fabulous Fab's pay

Pile Of Coins

The U.S. Securities and Exchange Commission has asked Goldman Sachs to disclose the salary and bonus of a former bank vice president who was found liable of securities fraud.

Reuters reports that a jury found Fabrice Tourre guilty in August of six of the seven civil charges he faced over transactions the SEC said caused $1bn of investor losses.

Tourre has asked a federal judge to dismiss the case against him or set a new trial. The request for salary information, which could reveal the scope of the penalties the SEC will seek from Tourre, was disclosed in a Wednesday night filing in the U.S. District Court in Manhattan.

'I have become aware that the SEC recently submitted a request to Goldman Sachs & Co. for certain information regarding Mr. Tourre', Pamela Rogers Chepiga, Tourre's lawyer, wrote in the filing.

The SEC is expected to make its request for monetary relief from Tourre by mid December.

To access the complete Reuters article hit the link below

SEC asks Goldman for compensation of ex-VP Tourre following fraud verdict

BNP Paribas to buy Belgian Fortis stake for 3.25 billion euros

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts